European Hydropower Trends in 2024
Hydropower is part of Renewable Energy and includes a number of sub-sectors such as Hydropower Plant. You may also be interested in Geothermal Energy, Solar Energy and Wind Power.
European hydropower generation is projected to reach approximately 1.91 million terajoules by 2028, a slight decrease from around 1.93 million terajoules in 2023. This represents a stagnant average annual growth rate of 0%. Since 2019, the supply of hydropower in Europe has seen a marginal year-on-year increase of 0.1%. In 2023, Norway led the continent in hydropower generation with an impressive 515,000 terajoules. Following Norway, Sweden, France, and Italy took the second, third, and fourth spots, respectively. Estonia showed a significant year-on-year increase of 11.2%, in contrast to Ukraine, which experienced a 9.5% decline since 2019. On the consumption side, European hydropower usage is set to reach nearly 1.91 million terajoules by 2028, slightly down from 1.93 million terajoules in 2023. This reflects a flat compound annual growth rate (CAGR) of 0%. European hydropower demand has risen by a modest 0.1% annually since 2019. Norway also topped the charts in hydropower consumption in 2023, matching its generation figure of 515,000 terajoules. Sweden, France, and Italy followed as the next highest consumers. Estonia again showed a robust increase of 11.2% year-on-year, while Ukraine's consumption fell by 9.5% over the same period.
Top 10 countries
In 2024 major markets in the Hydropower Industry were:
World Hydropower Market Data and Forecasts
How much the Hydropower industry is expected to grow to 2028?
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- Electricity Generation 176 countries (Europe, Southern Europe, Eastern Europe...)
- Industrial Equipment Import 192 countries (Africa, Sub-Saharan Africa, Asia...)
- Industrial Equipment Export 189 countries (Asia, Africa, Latin America...)
- Electricity Capacity 52 countries (Europe, Southern Europe, Northern Europe...)
- Hydropower Generation 104 countries (Europe, Southern Europe, Northern Europe...)
- Hydro Power Consumption 57 countries (Europe, Southern Europe, Northern Europe...)
- Energy Supply 179 countries (Europe, Southern Europe, Eastern Europe...)
- Renewable Generation 149 countries (Europe, Northern Europe, Eastern Europe...)
- Hydropower Capacity 3 countries (China, East Asia, Asia...)
- Wind Power Consumption 99 countries (Europe, Southern Europe, Northern Europe...)